United Kingdom: inflation climbs to 6.2%, unheard of for 30 years

The government is reducing its gasoline taxes by 5 cents per liter, starting this Wednesday evening and for one year.

A measure that should reduce the cost of a full tank of petrol by some £3.

© AFP - ADRIAN DENNIS

Text by: RFI Follow

1 min

In the United Kingdom, inflation continues to gallop with an increase of 6.2% in one year, according to figures that fell on Wednesday, unheard of for 30 years.

The government presented at midday its balance sheet in the middle of the budget year.

The British were hoping for measures to mitigate the rise in the cost of living, but these are

measures . 

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With our correspondent in London

,

Rishi Sunak presented mainly two measures to help Britons with the cost of living.

At the pump, the government is already reducing its gasoline taxes by 5 cents per liter, starting Wednesday evening and for one year.

A measure which should reduce the cost of a full tank of petrol by some £3, around 5 euros, and will mainly benefit owners of large cars.

Then, on the payslips, Rishi Sunak refuses to postpone the increase in social security contributions, scheduled for April 1.

" 

 ", justified the Chancellor of the Exchequer.

But it raises the threshold beyond which employees become taxable, which should offset the tax increase for 70% of employees.

It's a surprise, but it won't be enough to fully offset the general price increase. 

Although tax revenues exceeded estimates in 2021, Rishi Sunak refused to use his full leeway, due to uncertainties largely related to the

.

London has lowered its growth forecast to 3.8% and inflation could reach 7.4% this year.

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